Oracle E-Business Suite Release 12 (page 1 of 2)

With a new streamlined user interface and thousands of new cross-industry capabilities spanning enterprise resource planning, customer relationship management and supply chain management, Oracle E-Business Suite Release 12 is continued proof of "Applications Unlimited" program, Oracle's long-term plan to provide continued enhancements to current Oracle Applications.

"LG Electronics, Inc. is the world's major technology innovator in electronics, information and communications products. With more than 80 subsidiaries globally, we needed a solution that could cost efficiently support our global business processes," said President and CFO of LG Electronics Young-Soo Kwon. "We chose Oracle E-Business Suite as it provided the best platform for integrating our various global systems. We are also excited about Oracle E-Business Suite Release 12 and we believe the shared service center capabilities that are planned will make this new release even easier to manage, which will make our business more efficient."

Think Globally to Make the Better Decisions

Having a single, global view of customers, suppliers, partners and operations gives companies the ability to make more informed decisions. With the new release of the Oracle E-Business Suite, Oracle has added capabilities to help make decisions based on complete information from systems that cross regions and divisions. Examples of planned capabilities include:

* Oracle Profitability Manager, which gives users expanded capabilities to perform profitability analysis and reporting along any dimension of business including products, channels, segments and the ability to drill down to individual customers.
* Oracle Strategic Network Optimization, which allows users to continuously evaluate the cost and revenue implications of any decision affecting a company's global supply chain.
* Oracle Projects Portfolio Analysis, which gives users the ability to choose, fund and prioritize global projects based on what-if scenario analysis.

Work Globally to be More Competitive

Many companies are faced with the complexities of running an organization that has multiple divisions spanning different operating units or global regions. Oracle E-Business Suite Release 12 provides new functionality for managing processes that span multiple business units. For example, the planned functionality in Oracle Financials allows for a single transaction to create multiple accounting entries for local and corporate GAAP, providing large multinational companies the ability to manage from a single repository for simplified consolidation and reporting. Additionally, new capabilities planned in Oracle Compensation Workbench show all forms of compensation for employees in a single place regardless of the employee's geographic location or organizational boundary.

Manage Globally to Lower Costs and Increase Performance

Historically, implementing and managing applications that cross operating units or geographic entities has taken considerable time and effort. Oracle E-Business Suite Release 12 makes it easier and less expensive to implement, manage and scale. Planned key areas include:

* Compliance - Oracle E-Business Suite Release 12 allows users to manage compliance globally with a centralized business rules repository for reviewing and auditing of accounting business rules in a single environment.
* Streamlined User Experience - Oracle E-Business Suite Release 12 leverages the strongest user experience best practices from existing and acquired products to deliver and easy-to-use user experience.